Gazprom to Reorganise Export Operations

(Photo: Gazprom)

Russian energy giant Gazprom said on Monday it planned to reorganise its export operations to create an integrated international distribution unit responsible for all of its export deliveries, trading and marketing.

Gazprom said in a statement the reorganisation would take place in two stages over two years.

It said the first stage would involve merging and streamlining the assets and activities of Gazprom Germany, which handles a large proportion of the group's exports. The second stage would see Gazprom Germany operationally merged with Gazprom Export, it said.